China's expanding middle class has spawned a new wave of ultra-rich, so it's no surprise that the majority of Asia's youngest self-made billionaires come from the mainland.
The total net worth of individuals featured on the list is $19.3 billion, out of which $11 billion belongs to Chinese entrepreneurs, according to data compiled by Wealth-X for CNBC. The rankings underscore China's ability to churn out billionaires even as economic growth slows to multi-year lows.
Overall, male technopreneurs dominated the rankings, with 9 out of 10 individuals amassing their wealth from internet software firms and social networks.
Home to the third biggest population of billionaires, Asia's wealthy is now expected to outpace Europe over the next decade, according to Wealth-X.
Click ahead to see who made it to the list of Asia's billionaire entrepreneurs under the age of 40.
—By CNBC's Nyshka Chandran.
10) Leo Chen
Net worth: $1.1 billion
Country of origin: China
The youngest name on the list, 32-year old Chen is the co-founder and CEO of Jumei International Holding, one of China's largest online cosmetics retailers. He became a billionaire following Jumei's listing on the New York Stock Exchange (NYSE) in May last year and is also the founder of Garena, one of the world's largest online game platforms.
A Stanford graduate, Chen is popular in China for his active social media profile and television appearances.
9) Pang Shengdong
Net worth: $1.2 billion
Country of origin: China
An information technology specialist, Pang (pictured on the right) is the vice chairman of Shanghai 2345 Network Holding Group, a company that develops software for a range of sectors like banking, mobile telecommunications, and traffic control
The 38-year old is also the founder of 51.com, a popular social networking site that boasts nearly 400 million page views a day.
Pang was ranked 25th in the Chinese Business Elite Under 40 by Fortune and is known for generous donations to his alma mater, Ningbo University.
8) Yusaku Maezawa
Net worth: $1.3 billion
Country of origin: Japan
37-year old Maezawa is the founder of Start Today, the company behind online fashion website Zozotown. With 4 million registered members, it is Japan's largest e-mall.
A professional musician, Maezawa's venture into business started out in the 90s when he began selling music CDs and records by mail order from his house.
He is known for his familial working environment, turning to his employees for fashion-related tasks and brand selection, instead of industry professionals.
7) Kenji Kasahara
Net worth: $1.5 billion
Country of origin: Japan
Kasahara, founder of social networking site Mixi, is 39 years old and proof of self-reinvention.
Launched in 2004, Mixi was Japan's most popular networking services before losing the majority of its users to global rivals like Facebook. Since then, Kasahara has refocused the business into mobile video gaming and e-commerce.
His Monster Strike game has been downloaded more than 20 million times globally and generates Mixi daily revenues of $2 million, the New York Times reported in December.
6) Naruatsu Baba
Net worth: $1.6 billion
Country of origin: Japan
33-year old Baba is Japan's richest entrepreneur under 40. He is the founder and CEO of Colopl, a smartphone game maker that he launched in 2008. Colopl's games have been downloaded 10 million times in less than a year, according to the company's website.
After going public in 2012, the firm has enjoyed immense growth, with 2014 revenues more than doubling to $450 million from the previous year.
One of the firm's most famous games is White Cat Project, where playing requires just one thumb.
5) He Zhitao
Net worth: $2 billion
Country of origin: China
The chairman and president of Hangzhou Liaison Interactive Information Technology, 33-year old He is one of the younger names on the list. A manufacturer of information system software, the firm was formerly known as Hangzhou New Century Information Technology.
He owes the bulk of his wealth to a run-up in shares of the Shenzhen-listed firm, which are up nearly 50 percent year-to-date. Hangzhou Liaison is expected to record a $300 million net profit this year, putting its price-to-earnings ratio well over 100 times, according to Forbes.
4) Yao Jinbo
Net worth: $2.2 billion
Country of origin: China
39-year old Yao is the founder and CEO of 58.com, a website known as the 'Craigslist of China.' Listed on the New York Stock Exchange, the site provides classified ads for everything from flat rentals to second hand goods in over 300 cities.
Named EY's China Technology Entrepreneur of the Year in 2014, Yao previously founded domain.cn, a domain name transaction and value-added service website in 2000.
He currently serves on the board of directors of Xueda Education Group, another company he co-founded that is also listed on the NYSE.
3) Zhang Bangxin
Net worth: $2.2 billion
Country of origin: China
The only non technopreneur on the list, Zhang is the co-founder, chairman and CEO of US-listed TAL Education, an after-school tutoring services provider for primary and secondary school students in China.
Tutoring was one of Zhang's seven part-time jobs during graduate school and encouraged by his success, he went from being a single tutor to running an institution that teaches over 500,000 students.
The 35-year old holds an Executive MBA from the China Europe International Business School (CEIBS) and is known for avoiding media spotlight.
2) Zhou Yahui
Net worth: $2.2 billion
Country of origin: China
The 38-year old founder, chairman and president of Kunlun Inc. became a billionaire this year following the online gaming firm's Shenzhen initial public offering in January. Shares quadrupled in their first few weeks of trade, propelling Zhou into the global spotlight.
Billed as China's largest web games distribution company, Kunlun recently announced a partnership with Finnish game maker Rovio to tailor the Angry Birds franchise to the Chinese market.
1) Arun Pudur
Net worth: $4 billion
Country of origin: India
37-year old Pudur is the richest person on the list and the only Indian. He is the CEO of Celframe, a company that makes the world's second most popular word processor after Microsoft.
A son of a cinematographer, Pudur's entrepreneurial spirit began at the tender age of 13. From repairing bicycles to breeding dogs, he founded Celframe in Bangalore shortly after graduating from university. Now, the award-winning software firm has offices across the globe and distributors in over 70 countries.
Much of his wealth is also tied up in diversified ventures like gold mining, coal, and real estate. His attention is now on building a casino and starting an airline in South Africa, according to a recent interview in The Deccan Herald.
